Convergence Investment Partners LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 701.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,648 shares of the home improvement retailer’s stock after acquiring an additional 17,197 shares during the period. Convergence Investment Partners LLC’s holdings in Lowe’s Companies were worth $1,815,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. increased its stake in shares of Lowe’s Companies by 16.7% during the third quarter. Edgestream Partners L.P. now owns 4,085 shares of the home improvement retailer’s stock valued at $469,000 after acquiring an additional 586 shares during the period. First Mercantile Trust Co. increased its stake in shares of Lowe’s Companies by 76.2% during the third quarter. First Mercantile Trust Co. now owns 1,727 shares of the home improvement retailer’s stock valued at $198,000 after acquiring an additional 747 shares during the period. Norinchukin Bank The increased its stake in shares of Lowe’s Companies by 7.8% during the third quarter. Norinchukin Bank The now owns 145,230 shares of the home improvement retailer’s stock valued at $16,675,000 after acquiring an additional 10,489 shares during the period. Crabel Capital Management LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at approximately $219,000. Finally, Piedmont Investment Advisors Inc. increased its stake in shares of Lowe’s Companies by 89.4% during the third quarter. Piedmont Investment Advisors Inc. now owns 67,299 shares of the home improvement retailer’s stock valued at $7,727,000 after acquiring an additional 31,768 shares during the period. Institutional investors and hedge funds own 74.78% of the company’s stock.

Lowe’s Companies stock opened at $100.14 on Friday. Lowe’s Companies, Inc. has a 52 week low of $81.16 and a 52 week high of $117.70. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The company has a market capitalization of $80.41 billion, a P/E ratio of 19.48, a PEG ratio of 1.17 and a beta of 1.27.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.75 billion. During the same quarter last year, the business posted $0.74 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Lowe’s Companies, Inc. will post 6.06 EPS for the current year.

A number of analysts recently weighed in on the stock. Loop Capital set a $125.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, December 12th. Wells Fargo & Co raised their target price on shares of Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. Wedbush set a $95.00 target price on shares of Lowe’s Companies and gave the stock a “hold” rating in a report on Wednesday, November 21st. KeyCorp reduced their target price on shares of Lowe’s Companies from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, November 21st. Finally, Morgan Stanley raised their target price on shares of Lowe’s Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and a consensus price target of $113.13.

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Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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